KPMG Northern Tech Investment Q1 2017

KPMG Northern Tech Investment Q1 2017, updated 4/25/17, 3:42 PM

collectionsResearch Reports

Q1 2017 investment demonstrated a growing confidence in Northern tech businesses from both local, national and international investor groups. With more than £165m invested, Q1 was among the Northern tech sector’s most successful single quarters in recent years. The most notable investment was the £83m raised by Atom Bank. Based in Durham, Atom is the UK's first mobile only bank. It is leading the way in disrupting a sector long dominated by large, well established players who’s size and traditional structures can sometimes make it difficult to keep pace with technological change. Beyond Atom Bank’s fundraising, the remaining £83m invested in Northern tech businesses is more than the last two quarters of 2016 combined. M&A activity in Q1 2017 was also markedly higher, with 32 transactions, more than double both Q3 and Q4 2016.

About manojranaweera

Founder of UnifiedVU and Venture 9. Previously Founder and CEO of 

Help companies with digital and business transformation via process optimisation and system design, especially in the areas of bringing everything together for increased productivity and revenue growth.

Tag Cloud

document preview